INDIA DEALS SNAPSHOT JANUARY & FEBRUARY 2019 INDIA DEALS SNAPSHOT
PG 3-8 Snapshot of Mergers & Acquisitions Update
PG 9-10 Summary of Mergers & Acquisitions Update
PG 11-24 Snapshot of PE/VC Update
PG 25-26 Summary of PE/VC Update
PG 27 RBSA Range of Services Mergers & Acquisitions Update
3 SNAPSHOT OF MERGERS & ACQUISITIONS UPDATE
Automobile (` 65 Cr) Automobile (NA) Endurance Technologies Ltd. (Acquirer) (Acquirer) JBM Group
Fonpresmetal Gap Spa (Target) (Target) Linde-Wiemann GmbH KG
Education (` 840 Cr) Education (NA) Byju’s (Acquirer) (Acquirer) Talentedge buys
Osmo (Target) (Target) GreyCampus Education Pvt Ltd
Education (` 1400 Cr) Finance (NA) Nord Anglia Education Inc (Acquirer) (Acquirer) Orowealth
Oakridge International brand (Target) (Target) WealthTrust
FMCG (` 97 Cr) Food & Beverages (` 31.86 Cr) Emami Ltd. (Acquirer) (Acquirer) Grover Zampa Vineyards Ltd.
Creme 21 GmbH (Target) (Target) Four Seasons Wines Ltd.
4 SNAPSHOT OF MERGERS & ACQUISITIONS UPDATE
Food & Beverages (NA) Food & Beverages (NA) Lite Bite Foods Pvt. Ltd. (Acquirer) (Acquirer) Lite Bite Foods Pvt. Ltd.
Shizusan (Target) (Target) 212 All Good
Food & Beverages (NA) Food & Beverages (NA) Lite Bite Foods Pvt. Ltd. (Acquirer) (Acquirer) Lite Bite Foods Pvt. Ltd.
212 All Day (Target) (Target) Bar Bar
Healthcare (` 4666 Cr) Healthcare (NA) Fortis Healthcare Ltd. (Acquirer) (Acquirer) Sheroes
Indian Clinics and Hospitals (Target) (Target) Maya
Healthcare (NA) Hotel & Hospitality (NA) Medlife International Pvt. Ltd. (Acquirer) (Acquirer) Paytm
MedLabz (Target) (Target) Nightstay
5 SNAPSHOT OF MERGERS & ACQUISITIONS UPDATE
Iron & Steel (` 122 Cr) IT/ITES (` 52.5 Cr) Dalmia-OCL (Acquirer) (Acquirer) Larsen & Toubro Infotech Ltd (LTI)
GSB Group GmbH (Target) (Target) Ruletronics Systems
IT/ITES (NA) IT/ITES (NA) Bain Capital (Acquirer) (Acquirer) Swiggy
Brillio (Target) (Target) Kint.io
IT/ITES (NA) IT/ITES (NA) Intel Corporation (Acquirer) (Acquirer) Zebi
Ineda Systems (Target) (Target) Element42
IT/ITES (NA) IT/ITES (NA) Walmart Labs (Acquirer) (Acquirer) R Systems International Ltd
Dataturks (Target) (Target) Innovizant LLC
6 SNAPSHOT OF MERGERS & ACQUISITIONS UPDATE
Real Estate (` 350 Cr) Tour & Travels (NA - 80%) Morgan Stanley Real Estate Investing (Acquirer) (Acquirer) Ebix Inc
KSH Infra (Target) (Target) Zillious Solutions Pvt. Ltd
Tours & Travels (NA) Others (NA) Yatra Online, Inc (Acquirer) (Acquirer) Komparify
PL Worldways Ltd. (Target) (Target) iReff
Others (NA) Others (NA) Linxens Group (Acquirer) (Acquirer) OLX
Siepmann’s Card Systems Pvt. Ltd. (Target) (Target) Aasaanjobs Pvt. Ltd.
Others (NA) Others (NA) Servify (Acquirer) (Acquirer) AION Capital Partners
iService (Target) (Target) InterGlobe Enterprises Pvt. Ltd.
7 SNAPSHOT OF MERGERS & ACQUISITIONS UPDATE
Others (NA) Others (NA) Lohia Group (Acquirer) (Acquirer) ShopX
Light & Strong Ltd. (Target) (Target) GabbarDeals
Others (NA) Others (` 3630 Cr - 60%) Dentsu Aegis Network SEA (Acquirer) (Acquirer) KKR
Happy Marketer Group (Target) (Target) Ramky Enviro Engineers
8 SNAPSHOT OF MERGERS & ACQUISITIONS UPDATE
M & A Deals by Sectors
5% Automobile
8% Education
25% Others 3% Finance
3% FMCG
6% Tours & Travels 14% Food & Beverages
3% 3% Real Estate Iron & Steel 8% Healthcare
19% IT/IES 3% Hotel & Hospitality
9 SNAPSHOT OF MERGERS & ACQUISITIONS UPDATE
M & A Deals By Size (` In Crore)
30
25
20 s l a e D
f 15 O 26 r e b m
u 10 N
5 4 4 1 1 0 Undisclosed Below 100 100 - 300 300 - 500 Above 500
Deal Value
10 PE/VC Updates
11 Snapshot of PE/VC Update
Automobile (` 7 Cr) Automobile (` 63 Cr) Angel Investors (Investor Fund) (Investor Fund) Clutch of Investors
Royal Brothers (Target) (Target) Vogo Automotive Pvt. Ltd.
Automobile (` 100 Cr) Education (` 3.5 Cr) Clutch of Investors (Investor Fund) (Investor Fund) Clutch of Investors
Truebil (Target) (Target) Bulbul Inc.
Education (` 55 Cr) Education (` 282 Cr) Zephyr Peacock (Investor Fund) (Investor Fund) Clutch of Investors
Shiksha Financial Services India Pvt. Ltd. (Target) (Target) Eruditus Learning Solutions Pte Ltd.
Education (` 7 Cr) Education (NA) Clutch of Investors (Investor Fund) (Investor Fund) Jerry Rao
Leverage Edu (Target) (Target) Kutuki
12 Snapshot of PE/VC Update
Finance (` 33 Cr) Finance (` 32.40 Cr) Symbiotics (Investor Fund) (Investor Fund) Beenext and 3one4 Capital
Samunnati Financial Intermediation (Target) Open Financial Technologies Pvt. Ltd. & Services Pvt. Ltd. (Target)
Finance (` 34 Cr) Finance (` 56 Cr) Clutch of Investors (Investor Fund) (Investor Fund) Clutch of Investors
Svasti Microfinance Pvt. Ltd. (Target) (Target) Smallcase Technologies
Finance (` 90 Cr) Finance (` 602.6 Cr) Clutch of Investors (Investor Fund) (Investor Fund) Clutch of Investors
ZipLoan (Target) (Target) IndiaIdeas.com Ltd.
Finance (NA) Finance (` 1420 Cr) Clutch of Investors (Investor Fund) (Investor Fund) Allianz Investment Management
HomeCapital (Target) (Target) Edelweiss
13 Snapshot of PE/VC Update
Finance (` 137 Cr) Finance (` 35 Cr) Asian Development Bank (Investor Fund) (Investor Fund) FMO
Annapurna Finance Pvt. Ltd. (Target) (Target) Samunnati Financial Intermediation & Services Pvt. Ltd.
Finance (` 151.26 Cr) Finance (` 1.6 Cr) Clutch of Investors (Investor Fund) (Investor Fund) Angel Investor
Scripbox Advisors Pvt. Ltd. (Target) (Target) BigWin Infotech Pvt. Ltd.
Finance (` 50 Cr) Finance (` 178 Cr) Clutch of Investors (Investor Fund) (Investor Fund) Sequoia Capital-India
Instamojo Technologies Pvt. Ltd. (Target) (Target) Turtlemint
Finance (` 44 Cr) Finance (` 7.1 Cr) Clutch of Investors (Investor Fund) (Investor Fund) Clutch of Investors
Groww (Target) (Target) StreamSource
14 Snapshot of PE/VC Update
Finance (` 5950 Cr) Finance (` 1600 Cr) Clutch of Investors (Investor Fund) (Investor Fund) New Investment Solutions
ChrysCapital (Target) (Target) DMI Finance Pvt. Ltd
FMCG (` 1600 Cr - 10%) FMCG (NA) Clutch of Investors (Investor Fund) (Investor Fund) DSG Consumer Partners
Emami (Target) (Target) Arata Zero Chemicals
FMCG (` 1096.94 Cr) Food & Beverages (` 154 Cr - 26%) SoftBank (Investor Fund) (Investor Fund) Convergent Finance
Brainbees Solutions Pvt. Ltd. (Target) (Target) Hindustan Foods Limited
Food & Beverages (NA - 20%) Foods & Beverages (` 70 Cr) Sazerac (Investor Fund) (Investor Fund) Clutch of Investors
John Distilleries Pvt Ltd. (Target) (Target) Country Delight
15 Snapshot of PE/VC Update
Foods & Beverages (` 43 Cr) Foods & Beverages (` 30 Cr) Clutch of Investors (Investor Fund) (Investor Fund) Alteria Capital
InnerChef Pvt. Ltd. (Target) (Target) Rebel Foods
Foods & Beverages (` 120 Cr) Foods & Beverages (` 182 Cr) Clutch of Investors (Investor Fund) (Investor Fund) Clutch of Investors
Waycool Foods & Products Pvt. Ltd. (Target) (Target) Drums Food International Pvt. Ltd.
Foods & Beverages (NA) Foods & Beverages (NA) Venture Catalysts (Investor Fund) (Investor Fund) Fireside Ventures
Keeros Foods Pvt. Ltd. (Target) (Target) AnKa SumMor Foods
Healthcare (` 270 Cr) Healthcare (` 39.9 Cr) Temasek Holdings (Investor Fund) (Investor Fund) Clutch of Investors
Dr Agarwal’s Health Care Ltd. (Target) (Target) Niramai Health Analytix Pvt. Ltd.
16 Snapshot of PE/VC Update
Healthcare (` 248.63 Cr) Healthcare (NA) Clutch of Investors (Investor Fund) (Investor Fund) Unitus , Axilor and CIIE
1mg Technologies Pvt. Ltd (Target) (Target) 5C Network (India) Pvt. Ltd.
Healthcare (` 17.8 Cr) Healthcare (NA) Clutch of Investors (Investor Fund) (Investor Fund) Fireside Ventures
Kapiva Ayurveda (Target) (Target) The Ayurveda Experience
Healthcare (NA) Healthcare (` 218 Cr) Fireside Ventures (Investor Fund) (Investor Fund) Eight Roads Ventures & F-Prime
Kapiva Ayurveda (Target) (Target) Caplin Point Laboratories Ltd.
Healthcare (` 25 Cr) Insurance (` 9.5 Cr) Clutch of Investors (Investor Fund) (Investor Fund) Clutch of Investors
India Life Sciences Fund (Target) (Target) Kruzr
17 Snapshot of PE/VC Update
IT/ITES (` 137 Cr) IT/ITES (NA) Clutch of Investors (Investor Fund) (Investor Fund) SRI Capital
Fleetx.io (Target) (Target) Edgetensor
IT/ITES (` 30 Cr) IT/ITES (` 4.2 Cr) Clutch of Investors (Investor Fund) (Investor Fund) Clutch of Investors
Fyle Technologies Pvt. Ltd (Target) (Target) Nanoclean Global Pvt. Ltd.
IT/ITES (NA) IT/ITES (NA) Clutch of Investors (Investor Fund) (Investor Fund) Indian Angel Network
Nymble Labs (Target) (Target) Artivatic.ai
IT/ITES (` 3.5 Cr) IT/ITES (NA) IDFC Parampara Early Stage (Investor Fund) Inspira Enterprise India Pvt. Ltd. Opportunities Fund (Investor Fund)
CloudSEK Info Security Pvt. Ltd. (Target) (Target) iRam Technologies Pvt. Ltd.
18 Snapshot of PE/VC Update
IT/ITES (` 1853 Cr) IT/ITES (NA) Clutch of Investors (Investor Fund) (Investor Fund) CIIE
Rubrik (Target) (Target) Oizom Instruments
IT/ITES (` 3.5 Cr) IT/ITES (NA) Clutch of Investors (Investor Fund) (Investor Fund) AION Capital Partners
Clootrack Software Labs Pvt. Ltd (Target) (Target) InterGlobe Technologies
IT/ITES (NA) Legal (` 11 Cr) Bain Capital (Investor Fund) (Investor Fund) Clutch of Investors
Brillio (Target) (Target) SpotDraft
Lifestyle (` 71 Cr) Logistics (` 35 Cr) Clutch of Investors (Investor Fund) (Investor Fund) InnoVen Capital
Purple Panda Fashions Pvt. Ltd. (Target) (Target) Xpressbees
19 Snapshot of PE/VC Update
Logistics (` 350 Cr) Media & Ent. (NA) Morgan Stanley (Investor Fund) (Investor Fund) Matrix Partners
KSH Infra (Target) (Target) Awaaz
Media & Ent. (` 7.1 Cr) Media & Ent. (` 284.42 Cr) Clutch of Investors (Investor Fund) (Investor Fund) Glade Brook Capital
Gifskey (Target) (Target) Zomato Media Pvt. Ltd.
Media & Ent. (` 15.14 Cr) Media & Ent. (` 35 Cr) Clutch of Investors (Investor Fund) (Investor Fund) Clutch of Investors
Vidooly Media Tech Pvt. Ltd. (Target) (Target) SilverPush
Media & Ent. (` 71 Cr) Media & Ent. (` 25.4 Cr) Clutch of Investors (Investor Fund) (Investor Fund) HT Media
Neta (Target) (Target) Digiperform
20 Snapshot of PE/VC Update
Media & Ent. (NA) Media & Ent. (` 25 Cr) Fireside Ventures (Investor Fund) (Investor Fund) The Rise Fund & Elevar Equity
Tasty Tales (Target) (Target) The Better India
Pharmaceuticals (` 154 Cr) Pharmaceuticals (` 45 Cr) Clutch of Investors (Investor Fund) (Investor Fund) Clutch of Investors
Vyome Therapeutics Inc. (Target) (Target) Ashish Life Science Pvt. Ltd.
Real Estate (` 725 Cr) Real Estate (` 870 Cr - 22.4%) KKR & Co (Investor Fund) (Investor Fund) OMERS Infra Management
Embassy Group (Target) (Target) L&T IDPL
Real Estate (` 1300 Cr) Real Estate (` 40 Cr - 50%) Clutch of Investors (Investor Fund) (Investor Fund) Kotak Realty Fund
Adarsh Developers (Target) (Target) Shriram Properties Ltd.
21 Snapshot of PE/VC Update
Real Estate (` 24 Cr) Real Estate (` 1375 Cr) Carpediem Capital (Investor Fund) (Investor Fund) Oaktree Capital Management LP
Flipspaces (Target) (Target) Dewan Housing Finance Corporation Ltd.
Sports (` 1 Cr) Sports (NA) Anthill Ventures (Investor Fund) (Investor Fund) Fireside Ventures
Rooter Sports Technologies Pvt. Ltd. (Target) (Target) Azani Sports
Textile & Leather (` 2 Cr) Transportation (` 112 Cr) Angel Investors (Investor Fund) (Investor Fund) Clutch of Investors
Bigphi Technologies Pvt. Ltd. (Target) (Target) ANI Technologies Pvt. Ltd.
Transportation (` 650 Cr) Transportation (` 149.99 Cr) Sachin Bansal (Investor Fund) (Investor Fund) Sachin Bansal
ANI Technologies Pvt. Ltd. (Target) (Target) ANI Technologies Pvt. Ltd.
22 Snapshot of PE/VC Update
Transportation (` 9.2 Cr) Transportation (` 71 Cr) Trifecta Capital (Investor Fund) (Investor Fund) Clutch of Investors
Shuttl (Target) (Target) Rapido
Travels & Tourism (` 21 Cr) Travels & Tourism (` 30 Cr) Angel Investors (Investor Fund) (Investor Fund) Clutch of Investors
PickYourTrail (Target) (Target) ITILITE Technologies Pvt. Ltd.
Others (NA) Others (` 8.5 Cr) Mumbai Angels Network & Angellist (Investor Fund) (Investor Fund) Unicorn India Ventures & KARSEMVEN Guarented (Target) (Target) OpenApp
Others (` 22.49 Cr) Others (` 46 Cr) Clutch of Investors (Investor Fund) (Investor Fund) Clutch of Investors
Dunzo (Target) (Target) Dunzo Digital Pvt. Ltd.
23 Snapshot of PE/VC Update
Others (` 33 Cr) Others (` 208 Cr) JSW Ventures, Accel & (Investor Fund) Clutch of Investors Sequoia Capital (Investor Fund)
HomeLane (Target) (Target) Zolo
Others (` 10.5 Cr) Others (NA - 6%) Venture Catalysts (Investor Fund) (Investor Fund) Meenakshi Multiples
Grexter (Target) (Target) iKeva Ltd.
Others (` 21.3 Cr) Others (NA) Clutch of Investors (Investor Fund) (Investor Fund) Fireside Ventures
InfoCredit Services Pvt. Ltd. (Target) (Target) Bog Orchid
Others (` 14.2 Cr) Clutch of Investors (Investor Fund)
Shortlist Professionals (Target)
24 Summary of PE/VC Update
PE/VC Deals by Sectors
Travel & Tourism 2% 2% Tourism
Transportation 5% 3% Automobile
Textile 1% 5% Education
Sports 2%
17% Finance Real Estate 6%
2% Pharmaceuticals 3% FMCG 9% Media & Ent. 9% Food and Beverages Lifestyle 1% 9% Healthcare Logistics 2% 13% IT/IES 1% Insurance Legal 1%
25 Snapshot of PE/VC Update
PE/VCDeals by Size (` In Crore)
60
50
40 s l a e D f 30 O
r 51 e b m
u 20 N
22 10 17 12
1 0 Undisclosed Below 100 100 - 300 300 - 500 Above 500
Deal Value
26 RBSA RANGE OF SERVICES
Valuation Restructuring
• Business Valuation • Insolvency Professional Services • Valuation of Brands, Intangible Assets & Intellectual Property • Resolution Plan Preparation • Valuation of Financial Securities, Instruments and Derivatives • CRO Services – Chief Restructuring Officer • Valuation of Industrial Assets, Plant & Machinery • Priority and Interim Funding • Valuation of Real Estate • Turnaround Advisory & Business Transformation • Valuation of Infrastructure Assets & Specialized Assets • Techno Economic Viability Studies / Feasibility Studies • Purchase Price Allocations for Mergers & Acquisitions • Fairness Opinions on Distress M & A • Impairment Studies for Tangible Assets • Independent Evaluation of Restructuring Proposals • Impairment Studies for Intangible Assets & Goodwill • Interim Management Services • Mines, Mineral Advisory and Valuation • Transaction Structuring • Valuation of ESOPs and Sweat Equity • Special Situation Advisory • Valuation for Tax, Transfer Pricing and Company Law Matters • Operations & Management of Stressed Companies • Fairness Opinions
Investment Banking Advisory Services
• Mergers & Acquisitions • Strategic & Risk Advisory Services • Transaction Structuring & Advisory • Technical Assurance Services • Due Diligence – Financial, Tax & Business • Chartered Engineers Opinion & Certification • Fairness Opinions • Lender’s & Investor’s Engineer Services • Corporate Finance & Advisory • Project Cost Investigation and Forensic Advisory • Private Equity and Venture Capital • Project Appraisal and Monitoring • Debt Solutions, Syndications • Financial Advisory for Dispute & Litigation • Partner Search and Joint Ventures • Cost Segregation • Corporate Restructuring, Business Reorganization • Transfer Pricing Studies • Reserve Fund Analysis
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